Spire Global, Inc. (NYSE:SPIR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Spire Global, Inc. (NYSE:SPIR) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 506,093 shares of the company’s stock after acquiring an additional 41,612 shares during the period. Geode Capital Management LLC’s holdings in Spire Global were worth $5,057,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPIR. State Street Corp increased its stake in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after purchasing an additional 148,803 shares during the last quarter. Stifel Financial Corp grew its holdings in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after buying an additional 76,119 shares during the period. Herald Investment Management Ltd increased its stake in shares of Spire Global by 10.0% during the 2nd quarter. Herald Investment Management Ltd now owns 165,000 shares of the company’s stock valued at $1,784,000 after acquiring an additional 15,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after acquiring an additional 3,072 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Spire Global in the second quarter worth approximately $722,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Insider Activity

In other Spire Global news, COO Theresa Condor sold 17,592 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the transaction, the chief operating officer now owns 377,152 shares in the company, valued at $5,570,535.04. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $196,116.06. Following the sale, the chief financial officer now directly owns 236,479 shares in the company, valued at approximately $3,492,794.83. The trade was a 5.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is currently owned by corporate insiders.

Spire Global Stock Up 7.3 %

Shares of NYSE SPIR opened at $15.55 on Friday. The stock has a fifty day moving average price of $13.53 and a 200 day moving average price of $11.36. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $19.40. The company has a market cap of $378.14 million, a P/E ratio of -4.47 and a beta of 2.22.

Analysts Set New Price Targets

SPIR has been the topic of a number of recent analyst reports. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Canaccord Genuity Group increased their target price on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Alliance Global Partners boosted their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird raised their price objective on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.